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Yelp Inc. (YELP) Is Sinking On Disappointing Q4 Forecast

Yelp Inc. (YELP) reported third quarter EPS of $0.05 after the bell Wednesday, compared to the loss of $0.04 in the prior year period. Revenues came in at $102.5 million. Analysts expected EPS of $0.03 and revenues of $99 million. The company expects to report fourth quarter revenues of $107 million to $108 million and between $375 million and $376 million. The consensus estimates are for revenues of $110.96 million and $375.20 million. The stock is now down 11.03 on 3.5 million shares.

Yelp gapped open higher Wednesday, but declined throughout the first half of the session. The stock finished down by 1.05 at $70.23, with volume at nearly a 3-month high. Yelp pulled back from the upper end of a 1-month range.

by RTTNews Staff Writer

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